Banco Daycoval S.A. is a Brazilian financial institution founded in 1968 and headquartered in São Paulo. The bank specializes in corporate lending and also operates in the retail segment with payroll loans, vehicle financing, foreign exchange, and investment management. Known for its conservative management profile, Daycoval has a national presence with 53 branches and over 250 service points across 21 states and the Federal District, as well as an international branch in Grand Cayman, Cayman Islands.[2]
History
- 1952 – Establishment of Casa Bancária Salim A. Dayan in Lebanon, focused on commercial operations.[3]
- 1968 – Creation of Daycoval DTVM in São Paulo.
- 1989 – Licensed as a multiple bank under the current name.
- 2004 – Launch of the Daycred brand for payroll loans and creation of Daycoval Asset Management.
- 2007 – IPO on B3’s Level 1 Corporate Governance segment, raising approximately R$ 1 billion.
- 2008 – Opening of the first international branch in Grand Cayman.